I think that the insurance company has made some pretty clever calculations with a pretty clever simulation software created by pretty clever mathematicians and now nobody knows why a car comes out the way it comes out.
With the Rivian though I think the maths are as follows: It will be used for maybe 3000 miles per year and that might be even too much. It also will probably be driven mostly on open roads, because a Rivian does not make much sense in a dense urban area.
while a minivan is a typical car for family vacation, commuting and soccer mumming, so it will make 5 times as many miles and will spend a lot of this in urban areas with dense traffic.
Most accidents of course happen in dense, urban areas. More cars closely packed around you, more chances to hit one of them. So you drive more miles in a more critical environment.
They also might consider that many of the miles done in a Rivian are not even done on the road but maybe on a closed track, which might be completely excluded from your police of - if it is included - still is not as problematic, because there is less chance to hit another car.
Of course it is all speculation what in the end caused the Rivian to be cheaper than a minivan. But those are the lines, insurance companies think in. They want you as a customer, so they must be cheaper than the other insurance, yet still want to make money so they will have lots of variables to consider. Some of which are unclear to us or which we would judge completely different.
I think that the insurance company has made some pretty clever calculations with a pretty clever simulation software created by pretty clever mathematicians and now nobody knows why a car comes out the way it comes out.
With the Rivian though I think the maths are as follows: It will be used for maybe 3000 miles per year and that might be even too much. It also will probably be driven mostly on open roads, because a Rivian does not make much sense in a dense urban area.
while a minivan is a typical car for family vacation, commuting and soccer mumming, so it will make 5 times as many miles and will spend a lot of this in urban areas with dense traffic.
Most accidents of course happen in dense, urban areas. More cars closely packed around you, more chances to hit one of them. So you drive more miles in a more critical environment.
They also might consider that many of the miles done in a Rivian are not even done on the road but maybe on a closed track, which might be completely excluded from your police of - if it is included - still is not as problematic, because there is less chance to hit another car.
Of course it is all speculation what in the end caused the Rivian to be cheaper than a minivan. But those are the lines, insurance companies think in. They want you as a customer, so they must be cheaper than the other insurance, yet still want to make money so they will have lots of variables to consider. Some of which are unclear to us or which we would judge completely different.